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Saturday, November 29, 2003
High prices dampen gold purchases
MUMBAI, NOV. 28.A walk down the crowded Zaveri Bazaar, the bustling bullion market of Mumbai during business hours, would usually see hectic activity but that, unfortunately, is missing nowadays. Zooming gold prices have certainly put a dampener ...
Hyundai's thrust on engine exports
CHENNAI, NOV. 28. Hyundai Motor India (HMIL) has decided to make an aggressive pitch for pushing its indigenously made engines in the global market. The South Korean subsidiary has reportedly drawn up a plan to export at least 50,000 engines ...
India Development Fund approves Rs. 250 cr. worth projects
MUMBAI, NOV. 28.The India Development Fund, the largest private equity domestic fund, as a beginning, has approved three projects with a total size of Rs. 250 crores in the areas of power and ports. The Fund, managed by IDFC Asset Management ...
Brother's new generation sewing machine
CHENNAI, NOV. 28.Brother International has introduced a new generation industrial sewing machine in the Indian market with single needle direct drive technology. Addressing presspersons here today, Hasegawa, director, Brother International ...
Market buoyancy: beneficial consequences
The proposals to sell a sizable chunk of oil companies' shares give an unexpected opportunity to move on with the reform agenda.
ONGC to buy HPCL stake in MRPL
BANGALORE, NOV. 28.Oil and Natural Gas Corporation (ONGC) is awaiting the Union Government's approval to acquire the equity stake of Hindustan Petroleum Corporation (HPCL) in Mangalore Refineries and Petrochemicals (MRPL), ONGC Chairman and ...
Nicholas' alliance with Biogen
MUMBAI, NOV. 28.Nicholas Piramal India Ltd. (NPIL) has entered into a strategic alliance with Biogen Idec, world's third largest biotech company. As per the agreement, the NPIL's Biotek division will market Avonex (Interferon beta 1a), a leading ...
HCL Tech approves merger
MUMBAI, NOV. 28.The board of directors of HCL Technologies has approved the merger of its wholly-owned subsidiaries, HCL Technologies BPO Services and HCL Technologies (Mumbai), with the parent. The amalgamation, under Section 391 to 394 of ...
Euro hits new high against $
LONDON, NOV. 28. The euro stormed to a record high against the dollar on Friday, propelled upwards by expiring holdings in the derivatives market as investors sought to capitalise on bearish sentiment towards the U.S. currency. The greenback ...
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